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ROUNDnSURGE89

$TENCENT shows sign of rebound with bottom formed

Long
TENCENT HOLDINGS LIMITED (HKEX_DLY:700)  
ROUNDnSURGE89  
HKEX_DLY:700   TENCENT HOLDINGS LIMITED
Support and Resistance Supply and Demand tencent hkex support_and_resistance demandandsuppy priceactionanalysis Hang Seng HSI
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supportandresistance supplyanddemand tencent hkex support_and_resistance demandandsuppy priceactionanalysis hsi
$TENCENT shows sign of price bottoming on last Thursday with high volume supporting the price from going down lower. (Yellow square box)

Based on our analysis, the rebound signals further sets in with price recover more than 50% of the Friday morning price fall. This indicating demand is coming back in after 2 weeks retrace & selling pressure easing. Which could lead to a price rebound in the coming weeks.

Our trading method: we are looking into Bull CBBC on this potential short term rebound.

#hkex #supplydemandtrading #supportresistancestrategy #cbbc #highriskhighreturn #stocktrading

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ROUNDnSURGE89
TENCENT Peak Formed Yesterday
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